Ranked by market capitalization, here are the ten biggest U.S.-listed semiconductor companies leading chip design, manufacturing, and equipment in 2026.
Chips Behind Everything
Every phone, car, data center, and factory floor runs on silicon, and the companies that design and build that silicon have become some of the most valuable businesses on Earth. The Semiconductors industry sits at the core of the broader Technology & Electronics sector, and its biggest players now carry combined market capitalizations that rival entire national economies. Ranked by market cap from the latest 2026 data, here are the ten largest American semiconductor companies.
Nvidia Leads By Far
NVIDIA CORP, trading as NASDAQ: NVDA, tops the list with a market capitalization of $5.0T. Headquartered in Santa Clara, California, the company posted revenue of $215.9B in FY2026, a scale that puts it well ahead of every other chipmaker on this list.
Taiwan Semiconductor's Global Reach
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD, listed on the NYSE as TSM, ranks second with a market cap of $2.2T. It is the world's dominant contract chip manufacturer, producing processors designed by other companies at massive scale.
Broadcom And Micron Round Out The Top Tier
Broadcom Inc., NASDAQ: AVGO, holds the third spot with a market cap of $1.8T. Based in Palo Alto, California, the company generated $63.9B in revenue during FY2025, reflecting its broad footprint across networking and custom chip design.
Micron's Memory Business
MICRON TECHNOLOGY INC, NASDAQ: MU, comes in fourth with a market cap of $974.4B. Headquartered in Boise, Idaho, Micron reported revenue of $37.4B in FY2025, anchored by its memory and storage chip business.
AMD And Intel: The Longtime Rivals
ADVANCED MICRO DEVICES INC, NASDAQ: AMD, ranks fifth with a market cap of $760.5B. Also based in Santa Clara, California, AMD posted revenue of $34.6B in FY2025.
Intel's Continued Scale
INTEL CORP, NASDAQ: INTC, sits sixth with a market cap of $498.4B. Headquartered in Santa Clara, California as well, Intel recorded revenue of $52.9B in FY2025, the highest revenue figure among the two rivals despite its smaller market cap.
ARM's Design Licensing Model
ARM HOLDINGS PLC /UK, trading as NASDAQ: ARM, is seventh with a market cap of $366.3B. The company posted revenue of $4.9B in FY2026, a much smaller top line than its market cap might suggest, reflecting its licensing-based business model rather than direct chip manufacturing.
Applied Materials Supplies The Tools
APPLIED MATERIALS INC /DE, NASDAQ: AMAT, ranks eighth with a market cap of $359.7B. Headquartered in Santa Clara, California, Applied Materials generated $28.4B in revenue during FY2025, supplying the equipment that chipmakers use to fabricate wafers.
Texas Instruments' Analog Focus
TEXAS INSTRUMENTS INC, NASDAQ: TXN, is ninth with a market cap of $259.4B. Based in Dallas, Texas, the company reported revenue of $17.7B in FY2025, built largely on analog and embedded processing chips.
Marvell Closes Out The List
Marvell Technology, Inc., NASDAQ: MRVL, rounds out the top ten with a market cap of $230.5B. Headquartered in Wilmington, Delaware, Marvell posted revenue of $8.2B in FY2026, with a focus on data infrastructure chips.
What The Ranking Shows
Taken together, this list shows how concentrated value has become at the very top of the semiconductor industry, with a handful of American-listed companies commanding capitalizations that dwarf most other sectors of the economy.
